Looking to diversify beyond SHRT? The ETFs below have the lowest correlation with SHRT — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SHRT.
Best Diversifiers for SHRT
1148 ETFs have low correlation with SHRT (below 0.3), 1106 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Global Engineering and Construction ET... | -0.58 | — | — | 68 | Building & Construction | SHRT vs FLM | |
| ALPS Electrification Infrastructure ETF | -0.58 | — | — | 79 | Utilities Equities | SHRT vs ELFY | |
| SPDR Bloomberg Barclays Convertible Securities ETF | -0.58 | — | — | 83 | Preferred Stock/Convertible Bonds | SHRT vs CWB | |
| iShares Energy Storage & Materials ETF | -0.58 | — | — | 95 | Alternative Energy Equities | SHRT vs IBAT | |
| Franklin Intelligent Machines ETF | -0.58 | — | — | 78 | Large Cap Growth Equities | SHRT vs IQM |
See all 1148 diversifiers for SHRT
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Diversification Analysis
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